Rexford Industrial Realty announced that Richard Ziman, Chairman of its Board of Directors, will retire from his role and the Board following the company's Annual Meeting of Stockholders on June 3, 2025. Mr. Ziman, a co-founder, expressed pride in the company's growth and confidence in its future.
The Board of Directors has approved the appointment of current lead independent director Tyler Rose to serve as the Chairman of the Board, effective upon the conclusion of the Annual Meeting and subject to the election of directors. This planned succession ensures continuity in leadership.
This transition marks a significant change in the company's governance structure. The appointment of an independent director as Chairman is often viewed positively by investors, signaling a commitment to strong corporate governance and potentially fresh perspectives on strategic oversight.
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